SEC Form 4 · accession 0001577064-17-000007

ILLINOIS TOOL WORKS INC · ITW

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Sr. VP, General Counsel & Secy

Period of report

Oct 25, 2017

Accepted (ET)

Oct 26, 2017 · 5:19 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000049826

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Oct 25, 2017	P	4,371	$156.33	A	4,371	D
Commom Stock^F1	Oct 25, 2017	P	615	$156.40	A	615	I	SEE FOOTNOTE

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option^F2	$126.88	holding	—	—	—	Feb 1, 2018	Feb 1, 2027	Common Stock	28,928	28,928	D
Restricted Stock Unit (granted 2/1/17)^F3,F4	$0.00	holding	—	—	—	—	—	Common Stock	6,108	6,108	D
Employee Stock Option^F2	$128.00	holding	—	—	—	Feb 10, 2018	Feb 10, 2027	Common Stock	15,374	15,374	D
Performance Share Units granted 2/10/17^F3,F5,F6	$0.00	holding	—	—	—	—	—	Common Stock	1,634	1,634	D

F1Shares of common stock held in spouse's IRA.
F2Options vest in four (4) equal installments beginning one year from date of grant.
F3Each restricted stock unit (RSU) and performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock.
F4Each RSU vests 100% three years from the date of grant.
F5PSUs accrue dividends in shares of common stock, subject to fulfillment of vesting period and performance goals; the PSUs shown include dividend equivalents accrued to date.
F6Each PSU vests 100% three years from the date of grant if performance goals are met.